IIFT Daily Note with Peter Brown

Never fade a strong trend!

Posted by:  |  Time: 7:02 am  |  Topic:  |  Comments: 2
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I was in Galway on Friday doing our new Boot Camp with Nick Leeson. I didn’t get around to looking at the market. It was great and thank you to everybody who attended.

This morning we are in orbit on the Greek package. You can’t stand in the way of a move like this. Later there may be a sell off on the confirmation that the deal is done. The S&P is at new highs and looks really bullish short term. Provided the deal does not suffer a last minute hitch we should continue to rally after a short profit take.

 

2 Comments

Paul

February 20, 2012

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Peter, have you ever tried a straddle trade of the s&p about 5 mins before Fridays close in the us? Would that capture any gap up or down on sunday nights open?

    Peter Brown

    February 21, 2012

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    Hi Paul, Quick answer is no. But with a dummy account you have the ability to try these things out.

    Let me know how it goes

    Peter